Media Ignore CNBC Anchor Advising Hedge Funds How to Lie and Cheat to
March 22nd, 2007 1:47 PM
Something rather extraordinary occurred last December which had extremely ominous implications for stock investors around the world, but got totally ignored by the media. In fact, if not for a recent video posting at YouTube, and a March 20 article in the New York Post, these spectacular revelations would still be well under the radar.On December 22, CNBC’s James Cramer did a web interview for…
4th Quarter 2006 Home-Price Report: The Sky Is Not Falling
March 12th, 2007 9:48 AM
The Office For Housing Enterprise Oversight released its Fourth Quarter 2006 House Price Index (HPI) report (PDF) on March 1.
Given the recent gloomy reporting about the industry, you may not know that housing prices nationwide actually went up a bit more in the fourth quarter (1.12%) than they did in the third (1.07%). Though there are certainly problematic metro areas, it would appear that the…
If the Business Reporters at AP Know What's 'Real,' They Don't Show It
March 9th, 2007 7:09 PM
The 2006 Real (after Inflation) Increase in Household Net Worth Was Greater Than 2005's -- But You Wouldn't Know That from Reading the Associated Press's Accounts. And this is not the first time AP has ignored what's "real."
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Here is how the Federal Reserve's report on household net worth was covered by AP reporter Jeannine Aversa (bold is mine):
Net Worth of U.S…
Post's Singletary: Anti-Debt Expert 'Elevates Consciousness' Like Gore
March 4th, 2007 7:00 PM
Plugging her monthly "Color of Money Book Club" entry today, Washington Post finance columnist Michelle Singletary made a gratuitious reference to Al Gore, comparing consumer debt to global warming:James D. Scurlock, author and director of "Maxed Out," hopes to do with the overselling of credit what former vice president Al Gore has done for global warming -- elevate people's consciousness about…
